$ETH Ethereum's current dip is part of a broader market trend, with its price decreasing by 0.48% in the last hour and 15.46% in the past week. However, some analysts predict a potential recovery, drawing parallels to the 2020 market crash. Key factors influencing Ethereum's price include ¹ ²:

- *Market Volatility*: Global economic uncertainty, trade wars and tariff concerns impact investor sentiment.

- *Technical Developments*: Upgrades like the Dencun upgrade and increased adoption of Layer 2 networks affect transaction fees and network activity.

- *Whale Activity*: Accumulation of Ethereum and DeFi tokens by whales may signal bullish reversals.

Current price: $1,568.55 per ETH, with a 24-hour trading volume of $34.64 billion. Future prospects are uncertain, but some analysts predict a rise to $8,000 ¹.